Ghana news briefing
World Bank calls for far-reaching reforms to COCOBOD Act
The World Bank is calling for far-reaching reforms to the Ghana Cocoa Board (COCOBOD) Act to promote market-based principles and reduce the financial risks associated with the cocoa sector.
Speaking at the launch of the World Bank’s Tenth Ghana Economic Update in Accra, Mr Taliercio said reforms to the legal and operational framework governing COCOBOD were necessary to ensure the sustainability of the cocoa sector.
The World Bank therefore urged the government to sustain the reform momentum and address structural weaknesses in the cocoa sector to protect fiscal gains and support long-term economic growth.
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